CLEVELAND, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW VILLAGE CORPORATION, founded in 1990, is a community nonprofit in the Community Improvement sector that reported $7.2M in total revenue in fiscal year 2022. Revenue surged 1260% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 62% operating margin.
AS A WHOLLY-OWNED SUBSIDIARY OF NEIGHBORHOOD PROGRESS, INC. (NPI), NEW VILLAGE CORPORATION (NVC) DEVELOPS CATALYTIC REAL ESTATE PROJECTS IN JOINT VENTURES WITH COMMUNITY BASED 501(C)(3) DEVELOPMENT CORPORATIONS AND PRIVATE INVESTORS. NEW VILLAGE CORPORATION SUPPORTS PROJECTS THAT ARE EITHER TOO LARGE FOR A NON-PROFIT 501(C)(3) COMMUNITY DEVELOPMENT CORPORATION ("CDC") TO TAKE ON OR TOO RISKY FOR A PRIVATE DEVELOPER. NVC WORKS DIRECTLY WITH 501(C)(3) CDCS AND PRIVATE DEVELOPERS TO HELP SECURE RESOURCES THAT ASSIST IN HANDLING COMPLEX REAL ESTATE DEVELOPMENT PROJECTS. NVC PROVIDES TECHNICAL ASSISTANCE, INCLUDING ARRANGING PROJECT FINANCING. PROJECTS UNDERTAKEN FURTHER THE ORGANIZATION'S CHARITABLE PURPOSES BY COMBATING COMMUNITY DETERIORATION IN DISTRESSED COMMUNITIES.
NEW VILLAGE CORPORATION ("NVC") FOCUSES ITS REAL ESTATE DEVELOPMENT IN PLACES WHERE ITS ACTIVITY WILL RELIEVE BLIGHT, ECONOMIC DISTRESS, AND COMMUNITY DETERIORATION IN THE SERVICE OF UNDERSERVED...
NEW VILLAGE CORPORATION ("NVC") FOCUSES ITS REAL ESTATE DEVELOPMENT IN PLACES WHERE ITS ACTIVITY WILL RELIEVE BLIGHT, ECONOMIC DISTRESS, AND COMMUNITY DETERIORATION IN THE SERVICE OF UNDERSERVED COMMUNITIES IN THE CITY OF CLEVELAND. NVC IS CURRENTLY INVOLVED IN AN ACQUISITION, REHABILITATION, AND FOR-SALE SINGLE-FAMILY HOUSING PROGRAM WITH SLAVIC VILLAGE DEVELOPMENT, A 501(C)(3) ORGANIZATION. IT IS CURRENTLY WORKING ON A STRATEGY TO REVIVE THE FAILED NEW CONSTRUCTION MARKET IN THE BUCKEYE NEIGHBORHOOD OF CLEVELAND, WHERE THE COMPANY OWNS ENOUGH LAND TO FACILITATE THE CONSTRUCTION OF AROUND 40 NEW UNITS. ESTABLISHED IN 1990, NVC IS A WHOLLY-OWNED REAL ESTATE DEVELOPMENT SUBSIDIARY OF NEIGHBORHOOD PROGRESS, INC., A NON-PROFIT ORGANIZATION FORMED TO FOSTER COMMUNITIES OF CHOICE AND OPPORTUNITY THROUGHOUT CLEVELAND. SINCE 1990, NVC HAS DEVELOPED OVER 800 UNITS OF NEW OR REHABBED HOUSING AND 1.28 MILLION SQUARE FEET OF NEW OR REHABBED COMMERCIAL SPACE WORTH OVER $213 MILLION. AMONG ITS COMPLETED PROJECTS ARE: THE AWARD-WINNING SAINT LUKE'S MANOR PHASE I AND BICENTENNIAL VILLAGE DEVELOPMENT NORTH PARK PLACE DAVE'S SUPERMARKET IN OHIO CITY AND SLAVIC VILLAGE CENTRAL COMMONS LEE-HARVARD SHOPPING CENTER ORCHARD PARK FRIES & SCHUELE APARTMENTS CARROLL AVENUE CONDOMINIUMS ARBOR PARK PLACE SHOPPING CENTER. IN AUGUST 2022, NVC ACQUIRED SHAKER SQUARE IN PARTNERSHIP WITH BURTEN BELL CARR DEVELOPMENT, MADE POSSIBLE BY THE CITY OF CLEVELAND PROVIDING $12 MILLION IN LOW-INTEREST LOANS TO ACQUIRE AND SUPPORT THE PROJECT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $7,203,569 | $529,797 | +12.6% |
| Expenses | $2,761,252 | $564,898 | +3.9% |
| Net Income | $4,442,317 | $-35,101 | -127.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TANIA MENESSE | VICE CHAIRPERSON | 1.00 |
Officer
Director
|
$0 | $11,734 | $230,452 |
| ISABEL DEROBERTS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| AUGUST FLUKER | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DORIVETTE NOLAN | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JASON RUSSELL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SEAN MCDERMOTT | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LISA MCGOVERN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JASON PHILLIPS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MELODIE SANDERS | SR. VP OF FINANCE / CFO | 9.00 |
Officer
|
$0 | $65 | $7,280 |
| BRIANA PERRY | PRESIDENT | 9.00 |
Officer
|
$0 | $6,280 | $61,913 |
| LINDA WARREN THRU OCT 2022 | PRESIDENT | 9.00 |
|
$0 | $4,451 | $132,276 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $7,203,569 | $2,761,252 | $21,685,616 | $4,442,317 |
| 2022 | $529,797 | $564,898 | $7,440,000 | $-35,101 |
| 2021 | $-14,297,369 | $1,682,541 | $7,428,563 | $-15,979,910 |
| 2020 | $227,521 | $704,766 | $8,412,008 | $-477,245 |
| 2019 | $1,571,772 | $928,527 | $8,737,812 | $643,245 |
| 2018 | $1,071,110 | $561,417 | $8,067,797 | $509,693 |
Compare NEW VILLAGE CORPORATION with other nonprofits in Ohio and across the country.